Adjusted Winner procedure

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In problems of fair division, the adjusted winner procedure is used to partition a bundle of goods between two players in such a way as to minimize envy and maximize efficiency and equitability. The procedure is used in divorce settlements and illustrates the concept of Nash equilibria.

The method is also interesting from an ethical perspective as it appears to encourage honesty.

[edit] Software Patent

This algorithm is patented under patent #5983205 [1] Some concerns have been raised that this patent is overly broad [2]

[edit] References

  1. ^ Patent 5983205, Computer-based method for the fair division of ownership of goods.
  2. ^ patents-are-childs, American software patents are child's play.
  • Steven J. Brams and Alan D. Taylor (1996). Fair Division - From cake-cutting to dispute resolution Cambridge University Press. ISBN 0-521-55390-3

[edit] External links


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